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Southern Company CEO Fanning Appointed To Atlanta Fed Board

By Cassandra Sweet Of DOW JONES NEWSWIRES Southern Co. (SO) Chief Executive Thomas Fanning has been appointed to the board of directors of the Federal Reserve Bank of Atlanta, the company said Monday. Fanning will serve the remainder of a term that began Jan. 1, 2010, and runs through Dec. 31 of this year. Fanning is a Class C director, appointed by the Fed's board of governors in Washington to represent commerce, industry, agriculture, labor or consumers. Southern Co. received federal approval earlier this month to build the first new U.S. nuclear power plant in decades. The company plans to build two new reactors at the Vogtle site in Georgia near the South Carolina border and is waiting for the Department of Energy to close on an $8.3 billion loan guarantee after the company received a license from the Nuclear Regulatory Commission earlier this month. Southern's Georgia utility has estimated the project will cost more than $6 billion, to be split among the project's owners. Southern, which will own 46% of the new reactors, expects to pay $2.2 billion. Oglethorpe Power, MEAG Power, and Dalton Utilities will own the rest of the project. Energy Secretary Steven Chu said earlier this month that he expected Southern to obtain the loan guarantee after the company got its construction and operating license from the Nuclear Regulatory Commission. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468; cassandra.sweet@dowjones.com

Stock News for Southern (SO)
DateTimeHeadline
05/29/201516:50:56Current Report Filing (8-k)
05/29/201513:21:04How Important is Free Cash Flow to E&P Companies?
05/29/201511:58:23Statement of Changes in Beneficial Ownership (4)
05/27/201513:00:00Inventing the future of energy: Southern Company holds annual...
05/22/201509:00:00Southern Company earns national recognition as a top military...
05/21/201512:00:00Southern Company subsidiary furthers renewable energy leadership...
05/21/201507:03:48Current Report Filing (8-k)
05/20/201515:12:00Hendrickson to lead Georgia Power Corporate Communication
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201513:02:00Georgia Power launches 2015/2016 ASI Distributed Generation program
05/18/201509:00:00Formal Expression of Interest in Lightbridge Metallic Fuel Submitted...
05/16/201510:07:035 Things Southern Co.'s Management Wants You to Know
05/15/201517:26:00Construction to begin on Georgia Power Georgia 3x30 solar projects
05/15/201516:42:14Current Report Filing (8-k)
05/15/201511:48:08This Dow Average is Already Having Its Correction
05/14/201508:40:00Georgia Power marks signing of groundbreaking solar legislation...
05/13/201516:31:00Third phase of Dalton Solar Plant now online
05/12/201516:41:23Additional Proxy Soliciting Materials (definitive) (defa14a)
05/11/201516:52:29Notice of Exempt Solicitation Pursuant to Rule 14a6(g) (px14a6n)
05/11/201516:45:56Notice of Exempt Solicitation Pursuant to Rule 14a6(g) (px14a6n)

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